Joshua and Alyssa dated for two years before deciding to get married. Joshua gave Alyssa a $20,000 diamond ring on the occasion of their engagement. Two months later, Joshua called off the engagement without giving Alyssa a valid reason. Under the traditional rule that uses a fault-based approach, _____.

Multiple Choice

• Joshua cannot recover the ring
• Alyssa must return the ring
• the ring must be sold and the proceeds divided between Joshua and Alyssa
• Alyssa may retain the ring only if she pays its fair value to Joshua